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MOST BUSINESS TYPES...
WE SAY YES WHEN
OTHERS SAY NO...
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THE WORKING OF THIRD PARTY HIGH RISK MERCHANT
ACCOUNT

To avail a merchant account various fees
are charged. These fees include the
registration fees and the setup fees
along with application fees. The third
party merchant account holders are
provided with a different type of
merchant account. No fees are charges
while opening a third part merchant
account. Basically, small scale
businesses have third part merchant
account. These businesses are mostly
intermediary businesses.

For example, country A produces a
product. The product is exported to
another country B for sales. Country B
re-exports the product to country C. In
this cycle, country B acts as an
intermediary.
The merchant account is needed to carry
out the international business. The
third party companies processes the
credit card for a merchant but in return
a certain percentage of amount from the
profit is charged. A one time feed may
be required.

When a customer selects the product for
purchasing through online services, the
request is first sent to the third party
credit card processing companies. These
companies handle all the orders on
behalf of the customer. From the time of
the request, a different server path is
linked for the specified transaction by
the third party merchant account
providers. On the absence of the real
merchants, these third party companies
promote the sales on the merchant’s
behalf. The third party merchant account
holders processes the credit card and
online checks in the same manner as the
other merchant account holders do. There
are just few differences between the
other merchant account and third party
merchant account. Likewise, in the
example given above, country C orders a
product and country B processes the
request to country A. Sometimes, country
B may carry on the requested orders.

Once the customer places order for some
products, it is easily granted after
certain formalities. These formalities
include filling up of the online form
that contains the credit card number,
the security PIN four digit code, date
of expiry, etc. After the formalities
are done, the credit card numbers along
with the other details are sent for
verification. Once it is verified, the
transaction is processes and the
customer is prompted with an
electronically transmitted message. The
third party companies charges certain
amount of fees on every sale and
processing of the credit card. If there
are no sales then no fees is charged.
While applying for third party merchant
account, a customer has to choose among
various third party merchant account
providers.

As in the other merchant account
business, transaction fee is also
charged. The transaction fees ranges
from 5 % to 30 percent. These fees are
also inclusive of the processing fees.
The difference in the transaction fees
purely depends upon the volume of sales
and the number of credit card processing
within a certain period of time. The
payment against such fees is made every
two weeks or on a monthly basis. There
are no chargebacks for the third party
merchant account holders. The third
party merchant account providers also
have a technical customer support. This
helps the customers in solving various
problems that may arise during the time
of transaction.